Member Info for schlemiel

http://www.rns-pdf.londonstockexchange.com/rns/4889B_1-2020-10-8.pdf

https://uk.advfn.com/stock-market/london/solgold-SOLG/share-news/SolGold-PLC-Regional-Exploration-Update-Rio-Amar/83420347

nm

jlondon - 7 Oct '20 - 18:36 - 25613 of 25615

SP Angel

The last we heard from SP Angel was via the Morning Brief a few days ago - they said they were looking forward to seeing the assay results from Provenir [re: 2nd Solgold RNS on Provenir at 664m visible mineralisation.]

So, out of the blue today, Wed, 7 Oct 2020, in the late afternoon, J.Meyer talks about Solgold. Would love to know what he means by another project in Ecuador -"LOTS GOING ON." He must mean Porvenir.

At the time of this interview, JM will be aware that the Solgold share price is 38p+ and creeping closer to 40p mark which could spurt to 45p [suitor bought in at this price] if there is news etc as is norm.

Suitor - Liberum thinks that a 55p carrot could be forthcoming in Q2, 2021. However, Porvenir changed all that as Solgold appears to be no longer a 1 project co ie Alpala. So, if the sp reaches 40-45p, then 55p is not as fab as when it was 26p BEFORE Provenir to 55p, say. Things have changed since Liberum*s thoughts - in Q2, 2021, Solgold would have drilled 9 months at Porvenir.

So, JM*s comment about BHP or Newcrest or Consortium means that it is possible that it is still in play with added possibility of consortium? Have to see.

BHP offered an investment proposal on Alpala after Newcrest bought in early at 6p and then later at 12p. BHP paid 45p [last price]. I think that the BHP investment proposal was when Alpala was at Hole 17.

Dr Bruce Rohlach[Chief Geo] said that 18-23 holes were needed at Alpala for a Maiden Resource. So not surprised that at Hole 17, BHP entered the fray.

JM*s thoughts on "value" was the most insightful as Porvenir is only at Hole 1. Looking at the RNS in detail, the model/chart shows that near Porvenir, there is another small/er satellite possible deposit which I think Solgold intends to drill. Also, they may drill deeper - depends of course on end-of-hole analysis [in general]. The models and charts are very INSIGHTFUL.

SP Angel was only up to assays when they last commented so in the days thereafter, all these comments sound really nice, put it that way.

Wed, 7 Oct 2020.

copper - Ecuador will want these discoveries up and running as soon as is practically possible and that means passing them to the majors who have the financing and the size to achieve that

ice - thanks

4bn to 5bn of capex for Alpala - Meyer's assessment

There's no way SOLG can take Alpala to production...it ain't gonna happen.

SOLG is an explorer not a miner

ice - r u saying that buy orders that aren't filled in the final auction are then re-entered in the opening auction of the following trading day?

'Value from opportunities other than Alpala'

Meyer thinks 'SOLG could find something better than Alpala'

If he's been speaking to Mather then one would think Mather intends to sell off Alpala and rinse and repeat the Alpala blueprint across their other Ecuador tenements

4.5bn capex.... BHP and Newcrest or 'consortium of major companies;

From 22.48

https://audioboom.com/posts/7699813-vadim-alexandre-on-polarean-imaging-and-john-meyer-on-wind-power-5-resource-stocks

UT is a price discovery mechanism that attempts to determine the closing price of the day during the final auction of the day on SETS. It's a mind boggling process that I have given up trying to understand how it works and the significance if any of the final UT of the day

http://www.theel1tetrader.com/2013/01/lse-closing-auction-how-it-works.html

v o x markets.co.uk

https://www.**********.co.uk/articles/vadim-alexandre-on-polarean-imaging-and-john-meyer-on-wind-power-5-resource-stocks-77c3998/

-

''SP Angel: John Meyer on Solgold [just out, Wed, 7 Oct 2020] on Vox Market Podcast:

From what I could make out:

They are talking a lot about eploration. Alpala - Very large block cave underground.
Multi-billions...BHP or Newcrest or Consortium.

Another project in Ecuador. A lot going on. Personally, I think Solgold is going to make more "value" and find better than Alpala in other aspects.
Territory unexplored - great opportunity. [1 hr ago but please check as hard to listen and take notes]''

looking a tad better now

If SOLG do deliver on the promise of multi T1 discoveries then my head will explode.. I thought GGP were my golden tickets but SOLG has now taken on that most important role

I'm the opposite of Quady ;)

The beauty of SOLG in its present form is that :

1 It is far more valuable and far more developed today than it was when BHP and Newcrest took their stake. Franco's involvement is massive I believe. It endorses SOLG, endorses Cascabel and endorses Ecuador

2 We have latent bid interest always looming under the radar and that maintains market interest especially now we that the BHP Standstill is about to expire

I'm trying to think of the downside? Exploration risk? Jurisdictional risk though this is reducing somewhat? Capital raise to fund capex? I think 1 and 2 above outweigh the downside risk...

that's my judgement but then my judgement versus the judgement of the market is utterly irrelevant

dyor

Dbw

it's difficult to know mate, almost impossible to determine. Maybe down in sympathy with other commodity stocks? Either way, it's looking decent now and with plenty of newsflow (oxygen) to come, hopefully good, then the market will remain on alert mode and that's good